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Extensible Markup Language  |  2003-06-18  |  1KB  |  16 lines
  1. <?xml version="1.0"?>
  2. <?xml-stylesheet type='text/xsl' href='hhPreprocess.xsl'?>
  3. <topic sku="core" tNum="289331" author="sallyh" xmlns="x-schema:hhTopicSchema.xml"><index><title>Learn about investment interest expense</title><category>tax</category><klink type="cncpt">Tell me about investment interest expense</klink></index>
  4.     <content>
  5.         <p>You can deduct interest expense for borrowing money to invest, such as interest expense on a margin account with your broker. However, you cannot deduct interest on money you borrow to make tax-free investments. Your investment interest expense deduction is limited to your net investment income, including interest dividends, royalties, and short-term capital gains. For more information, see the IRS instructions for Schedule A and IRS Publication 550, Investment Income and Expenses, on the <alink type="xtnl" href="http://www.irs.gov">IRS Web site</alink>.</p>
  6.     </content>
  7.     <footer>
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  9.         <include href="makesurethatmoneyissetuptotrackinformationformytaxes.xml#xpointer(*/index/klink)"/>
  10.         <include href="checkformissingtransactionsusingthetaxlinemanager.xml#xpointer(*/index/klink)"/>
  11.         <include href="findoutwhichtaxdeductionsimaybeeligibletoclaim.xml#xpointer(*/index/klink)"/>
  12.         <include href="learnaboutwhenIshouldreestimatemytaxes.xml#xpointer(*/index/klink)"/>
  13.         <include href="learnaboutestimateddeductions.xml#xpointer(*/index/klink)"/>
  14.     </footer>
  15. </topic>
  16.